<h1>India's External Debt Hits $190.5 Billion in September 2007; 83.8% Long-Term, Forex Reserves Cover 130% of Debt.</h1> At the end of September 2007, India's external debt reached $190.5 billion, marking a $9.9 billion increase over the quarter, primarily due to the depreciation of the US dollar. Long-term debt constituted 83.8% of the total, with commercial borrowings and Non-Resident Indian deposits being significant contributors. Short-term debt, now including suppliers' credits and Foreign Institutional Investors' investments, accounted for 16.2% of the total. The foreign exchange reserves covered 130% of the external debt, and the debt-service ratio improved to 4.5%. The US dollar remained the dominant currency in India's external debt portfolio.